DICK’S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Rating of “Hold” by Brokerages

DICK’S Sporting Goods, Inc. (NYSE:DKS) has been assigned an average recommendation of “Hold” from the nineteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $220.11.

DKS has been the topic of a number of recent analyst reports. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. DA Davidson lowered their price target on DICK’S Sporting Goods from $273.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Stifel Nicolaus reduced their price objective on shares of DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Finally, UBS Group lowered their target price on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, May 29th.

DICK’S Sporting Goods Price Performance

DKS opened at $184.23 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $14.71 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company’s 50 day simple moving average is $184.72 and its 200-day simple moving average is $208.49. DICK’S Sporting Goods has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Sell-side analysts anticipate that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.63%. DICK’S Sporting Goods’s payout ratio is presently 34.69%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Stratos Wealth Partners LTD. grew its holdings in DICK’S Sporting Goods by 9.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,092 shares of the sporting goods retailer’s stock worth $250,000 after purchasing an additional 90 shares during the period. Portfolio Design Labs LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $364,000. MTM Investment Management LLC lifted its holdings in DICK’S Sporting Goods by 165.1% during the 4th quarter. MTM Investment Management LLC now owns 6,004 shares of the sporting goods retailer’s stock valued at $1,374,000 after purchasing an additional 3,739 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in DICK’S Sporting Goods by 41.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,589 shares of the sporting goods retailer’s stock worth $364,000 after purchasing an additional 469 shares during the period. Finally, PUREfi Wealth LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $315,000. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.